Walt Disney Co (DIS) Stake Raised by Checchi Capital Advisers LLC
Checchi Capital Advisers LLC lifted its position in shares of Walt Disney Co (NYSE:DIS) by 3.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,823 shares of the entertainment giant’s stock after acquiring an additional 465 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Walt Disney were worth $1,733,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. Winthrop Advisory Group LLC raised its position in shares of Walt Disney by 32.3% during the 3rd quarter. Winthrop Advisory Group LLC now owns 10,033 shares of the entertainment giant’s stock worth $1,173,000 after purchasing an additional 2,447 shares during the last quarter. Ironvine Capital Partners LLC raised its position in shares of Walt Disney by 2.2% during the 3rd quarter. Ironvine Capital Partners LLC now owns 92,940 shares of the entertainment giant’s stock worth $10,868,000 after purchasing an additional 2,045 shares during the last quarter. Check Capital Management Inc. CA raised its position in shares of Walt Disney by 20.4% during the 3rd quarter. Check Capital Management Inc. CA now owns 23,730 shares of the entertainment giant’s stock worth $2,775,000 after purchasing an additional 4,015 shares during the last quarter. Braun Stacey Associates Inc. raised its position in shares of Walt Disney by 5.7% during the 3rd quarter. Braun Stacey Associates Inc. now owns 188,683 shares of the entertainment giant’s stock worth $22,065,000 after purchasing an additional 10,199 shares during the last quarter. Finally, North Star Asset Management Inc. raised its position in shares of Walt Disney by 2.6% during the 3rd quarter. North Star Asset Management Inc. now owns 87,270 shares of the entertainment giant’s stock worth $10,205,000 after purchasing an additional 2,192 shares during the last quarter. 62.99% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently weighed in on the stock. Wolfe Research assumed coverage on shares of Walt Disney in a research report on Friday. They set an “outperform” rating for the company. Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. B. Riley restated a “neutral” rating on shares of Walt Disney in a research report on Friday, November 9th. Morgan Stanley upped their price target on shares of Walt Disney from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, October 15th. Finally, Argus upped their price target on shares of Walt Disney from $129.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, November 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Walt Disney presently has an average rating of “Buy” and a consensus target price of $122.39.
Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 8th. The entertainment giant reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.17. The company had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $13.76 billion. Walt Disney had a net margin of 21.20% and a return on equity of 21.43%. Walt Disney’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.07 EPS. On average, sell-side analysts expect that Walt Disney Co will post 7.07 earnings per share for the current year.
The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, January 10th. Shareholders of record on Monday, December 10th will be issued a $0.88 dividend. This is an increase from Walt Disney’s previous semiannual dividend of $0.84. The ex-dividend date of this dividend is Friday, December 7th. This represents a yield of 1.51%. Walt Disney’s dividend payout ratio is presently 23.73%.
In other Walt Disney news, EVP Mary Jayne Parker sold 29,192 shares of the stock in a transaction dated Wednesday, October 3rd. The shares were sold at an average price of $117.99, for a total value of $3,444,364.08. Following the completion of the sale, the executive vice president now owns 29,199 shares in the company, valued at approximately $3,445,190.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Robert A. Iger sold 47,733 shares of the firm’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $120.00, for a total transaction of $5,727,960.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,886 shares of company stock valued at $9,284,819. 0.38% of the stock is owned by insiders.
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Walt Disney Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.
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